@TechReport{iza:izadps:dp6932,
            	author={Pencavel, John H.},
            	title={Worker Cooperatives and Democratic Governance},
            	year={2012},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={6932},
            	url={https://www.iza.org/publications/dp6932},
	abstract={A worker co-operative is a firm that is owned and managed by those who work in it. This paper provides a selective review of research in economics on worker cooperatives. It concentrates on the volatility of earnings and employment in the co-ops compared with conventional capitalist firms; on the long-term viability of co-ops; on the relative productive efficiency of co-ops; and on problems of democratic governance within co-ops. Using modern empirical methods applied to large numbers of observations, recent research has substantially enhanced our understanding of worker co-ops.},
	keywords={comparative efficiency;worker cooperatives;viability},
            }